SNPE Seeks Buyer for its Fine Chemicals Business

2:43 AM MDT | July 3, 2009 | Alex Scott

SNPE (Paris) says it has put Isochem, its fine chemicals business, up for sale. SNPE says it expects to have completed the sale of the business within six-to-eight months. The company did not disclose how much money it hopes to raise from the prospective sell-off. Isochem undertakes contract manufacturing for the pharmaceuticals, cosmetics and agchems sectors. The firm’s activities include the manufacture of phosgene derivatives in Hungary. The business manufactures pharmaceuticals and cosmetics ingredients at Gennevilliers, Vert-le-Petit and Pithiviers...